Ferguson Q1 sales rise 0.8% to $7.8 billion, but diluted EPS falls 7.9% to $2.34
Ferguson reported results for the quarter ended October 31, 2024, with net sales up 0.8% to $7.8 billion, while reported operating profit fell 10.0% to $665 million and diluted EPS fell 7.9% to $2.34. The company left its fiscal 2025 guidance unchanged and declared a quarterly dividend of $0.83 per share, up 5% from a year earlier.
Key points
- Net sales of $7.8 billion rose 0.8%; organic revenue declined 0.3% and acquisitions contributed 1.1%.
- Reported diluted EPS was $2.34 versus $2.54 a year earlier; adjusted diluted EPS was $2.45, down 7.5%.
- Fiscal 2025 guidance unchanged, including adjusted operating margin of 9.0% to 9.5% and capital expenditures of $400 million to $450 million.
- Share repurchases totaled $256 million in the quarter; quarterly dividend of $0.83 is payable February 6, 2025 to holders of record on December 20, 2024.
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 1:30 AM ET, from the text of the filing and its press-release exhibits only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on December 10, 2024.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.